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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (783)	10/28/2003 11:41:34 PM
From: Larry S.	Read Replies (1) \| Respond to of 972

Dan, et al, I didn't find anything concerning PM of interest in Barron's this week but the Commodities Corner was a bullish discussion of base metals. The key argument was the demand in non-Japan Asia will drive prices higher over the next few years. Lease rates are interesting but erratic. The rates jumped up as the POG was driven down the last couple of days suggesting that leased gold is again being used to cap the price. But the we continue to have days when the rates don't support this theory. The GMI/POG ratio: On 10/23, the Barron's GMI was at 630.74 (12-month high), up from the previous week's 622.86. With the POG up more at 388.25 (10/24) the ratio was down slightly at 1.62. The ratio a years ago was 1.17. Larry